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Tuesday, May 12, 2020 | History

4 edition of Effective exchange rate classifications and growth found in the catalog.

Effective exchange rate classifications and growth

Justin M. Dubas

Effective exchange rate classifications and growth

by Justin M. Dubas

  • 173 Want to read
  • 18 Currently reading

Published by National Bureau of Economic Research in Cambridge, MA .
Written in English

    Places:
  • Developing countries,
  • Developing countries.
    • Subjects:
    • Foreign exchange rates -- Mathematical models.,
    • Foreign exchange rates -- Government policy -- Mathematical models.,
    • Foreign exchange rates -- Developing countries.,
    • Developing countries -- Economic conditions -- Econometric models.

    • Edition Notes

      StatementJustin M. Dubas, Byung-Joo Lee, Nelson C. Mark.
      SeriesNBER working paper series ;, working paper 11272, Working paper series (National Bureau of Economic Research : Online) ;, working paper no. 11272.
      ContributionsLee, Byung Joo., Mark, Nelson C. 1955-, National Bureau of Economic Research.
      Classifications
      LC ClassificationsHB1
      The Physical Object
      FormatElectronic resource
      ID Numbers
      Open LibraryOL3477603M
      LC Control Number2005617329

      A more competitive real exchange rate could support export promotion. Ethiopia’s real exchange rate is overvalued. Empirical evidence presented in the report suggests that a 10 percent lower real exchange rate could increase export growth in Ethiopia by more than 5 percentage points per year and increase economic growth byFile Size: 2MB. Real Exchange Rates and Fundamentals: A Cross-Country Perspective Prepared by Luca Antonio Ricci, Gian Maria Milesi-Ferretti, and Jaewoo Lee 1 evolution of real effective exchange rates in emerging markets, being typically associated with a dismantling of tariffs, the elimination of multiple exchange rate practices, and a.

      NBER Program(s):Economic Fluctuations and Growth, International Finance and Macroeconomics, Monetary Economics. This paper offers empirical evidence that real exchange rate volatility can have a significant impact on long-term rate of productivity growth, but the effect depends critically on a country’s level of financial by: Nominal effective exchange rate: is a weighted average of several bilateral exchange rates, usually using trade shares as weights to reflect the relative importance of each of the bilateral pairs involved. Example: suppose that: ∆E $/pound = - 10%(appreciates 10%), and trade share of File Size: 48KB.

      References. I. Al-Ezzee, “Real influences of real exchange rate and oil price changes on the growth of real GDP: case of Bahrain,” International Proceedings of Economics Development & Research, vol. 8, p. , View at: Google Scholar M. Heun and T. Schlink, “Early warning systems of financial crises: implementation of a currency crisis model for Uganda,” Working Paper Series Cited by: 5.   Nominal Effective Exchange Rate (NEER) is the unadjusted weighted average value of a currency relative to other major currencies traded within an : Will Kenton.


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Effective exchange rate classifications and growth by Justin M. Dubas Download PDF EPUB FB2

Get this from a library. Effective exchange rate classifications and growth. [Justin M Dubas; Byung Joo Lee; Nelson C Mark; National Bureau of Economic Research.] -- "We propose an econometric procedure for obtaining de facto exchange rate regime classifications which we apply to study the relationship between exchange rate regimes and economic growth.

Effective Exchange Rate Classifications and Growth. An `effective' de facto exchange rate regime classification is then obtained by assigning country-year observations to the regime with the.

Effective Exchange Rate Classifications and Growth Justin M. Dubas, Byung-Joo Lee, Nelson C. Mark. NBER Working Paper No.

Issued in April NBER Program(s):International Finance and Macroeconomics We propose an econometric procedure for obtaining de facto exchange rate regime classifications which we apply to study the relationship between exchange rate regimes and economic growth.

the trade-o⁄s associated with –xed versus ⁄exible exchange rates are conducted in terms of the regime™s e⁄ect on stabilization and trade and their e⁄ect on growth is imperfectly understood. Empirical –ndings on relation between the exchange rate regime and.

The Economics of Exchange Rates is the first essential volume on this subject in a decade’ Richard Clarida - Columbia University, NBER and CEPR ‘This book is a breath of fresh air.

It’s current. It’s comprehensive. It’s going to be a delight to teach from. I look forward to its success.’ Richard Lyons - University of California Author: Lucio Sarno, Mark P. Taylor, Jeffery A. Frankel. The results also indicate that monetary policy is relatively more effective than fiscal policy in the long run, and evidence of the real effective exchange rate causing economic growth was : Suna Korkmaz.

International Trade and Exchange Rate International trade volume data indicates developing countries play a bigger role in holding back trade growth, while developed countries show quite robust import growth.

From a longer-term perspective, however, global trade volume has not deviated much from its long-term trend. Postglobal financial crisis,Cited by: 2. The effective exchange rate is a key concept in economics.

The nomi-nal effective exchange rate expresses the price of the domestic curren-cy relative to two or more foreign currencies, while the real effective exchange rate provides an indication of changes in competitive posi-tion between countries or currency areas. In both cases, the selection. The Real Exchange Rate and Growth in Zimbabwe: Does the Currency Regime Matter.

Zuzana Brixiová1 and Mthuli Ncube23 1 Advisor to the Chief Economist and Vice President, the African Development Bank. 2 The Chief Economist and Vice President, the African Development Bank. 3 The authors thank Zorobabel Bicaba for contributions to the regression analysis and Size: 1MB.

Classification of Exchange Rate Arrangements and Monetary Policy Frameworks 1 Data as of J This classification system is based on members' actual, de facto, arrangements as identified by IMF staff, which may differ from their officially announced arrangements.

growth per capita on countries™real exchange rate, controlling for time and country –xed e⁄ects, and instrumenting the real exchange rate with a measure of global capital ⁄ows interacted with a variable measuring countries™sensitivity to such ⁄ows: de jure –nancial.

A Review of the Theoretical and Empirical Literature Marjan Petreski Staffordshire University Abstract The aim of this paper is to examine the theoretical and empirical arguments for the relationship between the exchange-rate regime and economic growth.

As a nominal variable, the exchange rate (regime) might not affect the long-run economic growth. In theory, exchange rates and economic growth are regarded as having an indirect link via trade and capital investment. However, empirical investigation of this link in the context of one specific country has not hitherto been seriously considered, and Vietnam is no : DO Thi My Huong.

Classification:C23,F 1. INTRODUCTION On the other hand, one of the effective factors in choosing the appropriate exchange system in developing countries is the relationship between real exchange rate and economic growth. Choosing ineffective exchange system and inappropriate exchange policies in examined the effect of.

1. Concept and Calculation Method of the "Effective Exchange Rate (Nominal, Real)" The effective exchange rate is an indicator to grasp Japan's international competitiveness in terms of its foreign exchange rates that cannot be understood by examining only individual exchange rates between the yen and other currencies.

Sterling effective exchange rate index. Nominal exchange rate. The nominal exchange rate measures the current value of a currency against another.

For example, in Sept £1 – $ or $1 = £ Effective exchange rate. The effective exchange rate measures a currency against a basket of other currencies.

This is usually trade-weighted. The Real Exchange Rate and Economic Growth. DANI RODRIK Figure 1. Undervaluation and Economic Growth in Selected Developing Countries, – China 0 4 2 6 8 – – – 0 Log units Percent a yearFile Size: KB. The Real Exchange Rate and Economic Growth Dani Rodrik John F.

Kennedy School of Government Harvard University Cambridge, MA Revised, September Abstract I provide evidence that undervaluation of the currency (a high real ex-change rate) stimulates economic growth. This is true particularly for devel-oping countries. The real effective exchange rate (REER) is the weighted average of a country's currency in relation to an index or basket of other major currencies.

The weights are determined by. Fig. 1 shows the relationship between productivity growth and exchange rate flexibility for countries at different levels of financial development.

The upper graphs consider the volatility of the effective real exchange rate and the lower graphs deal with the exchange rate regime classification proposed by Reinhart and Rogoff ().Each case provides a comparison between the residuals of a Cited by: This paper studies the impact of real effective exchange rate volatility on economic growth as well as the euro’s impact on real effective exchange rate volatility.

We first show that after a plausible endogeneity correction, real effective exchange rate volatility is negatively associated with growth in a ~ panel of the OECD (Organization for Economic Cooperation and Development) countries.In this study, Panel Vector Autoregression (PVAR) models are used to determine the impacts of exchange rate volatility on industrial production growth rate, consumer price inflation, short-term interest rates and stock returns for 10 OECD countries.

The variance decompositions (VDCs) found that exchange rate volatility can be a secondary factor for the variations in immediate interest rates Author: Oguzhan Ozcelebi.